USD/JPY challenges 103.00 after US data

FXStreet (Córdoba) - The USD/JPY moved slightly higher and printed fresh daily highs following the release of in line with expectations US jobless claims.

The number of people who applied for US unemployment benefits rose by 23K last week to 302K, in line with expectations. On the other hand, employment costs surge 0.7% in 2Q, the most in 6 years.

The USD/JPY received a boost from data but stalled just shy of the 103.00 mark. The pair has failed to break above the psychological level and it is currently trading at 102.95, recording a 0.17% gain on the day.